SMEDA High School

Pre-Feasibility Study
HIGH SCHOOL
Small and Medium Enterprise Development Authority

Government of Pakistan
www.smeda.org.pk
HEAD OFFICE
Waheed Trade Complex, 1st Floor , 36-Commercial Zone, Phase III, Sector XX, Khayaban-e-Iqbal, DHA Lahore
Tel: (042) 111-111-456, Fax: (042) 5896619, 5899756
helpdesk@smeda.org.pk
REGIONAL OFFICE
PUNJAB
Waheed Trade Complex,
1st Floor, 36-Commercial Zone,
Phase III, Sector XX,
Khayaban-e-Iqbal, DHA Lahore.
Tel: (042) 111-111-456
Fax: (042) 5896619, 5899756
helpdesk@smeda.org.pk
REGIONAL OFFICE
SINDH
REGIONAL OFFICE
NWFP
REGIONAL OFFICE
BALOCHISTAN
5TH Floor, Bahria

Complex II, M.T. Khan Road,
Karachi.
Tel: (021) 111-111-456
Fax: (021) 5610572
helpdesk-khi@smeda.org.pk
Ground Floor
State Life Building
The Mall, Peshawar.
Tel: (091) 9213046-47
Fax: (091) 286908
helpdesk-pew@smeda.org.pk
Bungalow No. 15-A

Chaman Housing Scheme
Airport Road, Quetta.
Tel: (081) 831623, 831702
Fax: (081) 831922
helpdesk-qta@smeda.org.pk
July, 2002
High School
DISCLAIMER
The purpose and scope of this information memorandum is to introduce the subject
matter and provide a general idea and information on the said area. All the material
included in this document is based on data/information gathered from various
sources and is based on certain assumptions. Although, due care and diligence has
been taken to compile this document, the contained information may vary due to any
change in any of the concerned factors, and the actual results may differ substantially
from the presented information. SMEDA does not assume any liability for any
financial or other loss resulting from this memorandum in consequence of
undertaking this activity. Therefore, the content of this memorandum should not be
relied upon for making any decision, investment or otherwise. The prospective user
of this memorandum is encouraged to carry out his/her own due diligence and gather
any information he/she considers necessary for making an informed decision.
The content of the information memorandum does not bind SMEDA in any legal or
other form.
DOCUMENT CONTROL
Document No.
PREF-50
Revision
Prepared by
SMEDA-Punjab
Approved by
GM Punjab
Issue Date
August, 2002
Issued by
Library Officer
1
PREF-50/August, 2002/Rev 1
High School
1 INTRODUCTION
1.1 Project Brief
This study describes the investment opportunity regarding setting up of high school
in any big city of Pakistan to provide education to the children of medium and lower
medium income group.1 The school can start its operation by starting classes from
nursery to Matric (Secondary school).
By offering quality education and modern facilities, the school is expected to earn
early recognition and parents trust and preference. The school can be opened in big
cities like Karachi, Lahore, Islamabad, Peshawar, Quetta, Multan, Hyderabad,
Faisalabad, etc. The area should be selected near the residents of medium income
group.
1.2 Project Cost
Initial project cost is Rs. 9.84 million
1.3 Opportunity Rationale
The importance of education for human resource development does not need any
elucidation. Globally, it has been observed that countries attached the highest
priority to education since the development of other sectors like health, agriculture
and industry is dependent on the development of education in the country. The
Government of Pakistan accepts education as fundamental right for its citizens as
well as its commitment to provide access to education to every citizen. But the
Government faces constraints due to limited financial resources to spend on
education sector. Therefore, the private sector investment is being encouraged with
various incentives to lower the burden of the Government.
During the fiscal year 2001-02, the total education budget is estimated to be Rs.
73.745 billion, including development budget of Rs. 8.770 billion and recurring
budget of Rs 64.975 billion. The total budget for education for 2001-02 is 2.0% of
the GDP. The education budget as percentage of GDP is given in Table below.
The information provided in this pre-feasibility study may be used for establishing such a school in
any city of Pakistan. However, data on the existing schools has been provided for the province of
Punjab only.
2
Table 1.1:
Year
High School
National Education Budget during 1995-96 to 2001-02 (Rs. Billion)

Recurring
Budget
Development
Budget
Total Education
Budget
% of
GDP
1995-96
39.610
2.585
42.195
2.00
1996-97
40.536
1.968
42.504
2.62
1997-98
46.100
2.984
49.084
2.34
1998-99
46.979
2.427
49.406
2.40
1999-00
51.572
2.430
54.002
1.70
2000-01
54.396
1.966
56.362
1.60
2001-02
64.975
8.770
73.745
2.00
Source: Ministry of Education

Although, traditionally, private schools have been a luxury only the rich can afford,
this is not necessarily the case in the current re-emergence of the private sector in
Pakistan's education system.
Keeping in view the significant and emerging role of the private sector in the
promotion of education at various levels, the Government has introduced the concept
of Public-Private Partnership. The suggested incentives to private sector educational
institutions are:
Provision of free land, or land on concessional rates in rural/urban areas
Property tax exemption on school buildings
Exemption of 50% income tax to private sector institutions for their faculty,
management and support staff
Utilities availability on non-commercial rates
Extension of matching grants for establishing rural schools
Exemption of custom duties on import of educational equipment
Undertaking necessary legislation to give Charter to private sector institutions

and facilitating their day to day affairs
1.4 Viable Economic Size

Since, it is a service sector project, there is no hard and fast criterion for viable
economic size, rather it depends upon many factors like faculties needed
infrastructure requirements, schools fixed overhead.
1.5 Proposed Capacity
For the purpose of this feasibility study, strength of 750 students has been proposed.
However, this capacity will be attained gradually in 10 years period as follows:
3
Table 1.2:
High School
Year wise Number of Students
Students/Year
Year
1
Year
2
Year
3
Year
4
Year
5
Year
6
Year
7
Year
8
Year
9
Year
10
Senior Section
(V - X)
50
139
93
238
275
305
330
349
364
375
Junior Section
(Nursery-IV)
100
139
193
238
275
305
330
349
364
375
Total Students
150
278
386
475
550
611
660
699
728
750
CURRENT INDUSTRY SECTOR
According to the Schools and Colleges Census for 2000-2001 there are 62,980
schools in the Punjab for boys and girls, where 276,325 teachers are providing
education to around 8.838 million students.
The statistics collected by the Punjab Educational Management Information Systems
(EMIS) during 1999-2000 showed that there were 61,507 boys and girls schools in
the province where 315,154 teachers were imparting education to some 8.775
million students. According to above figures, only 63,000 students got admission to
the Government schools last year, showing that more students are preferring private
schools.
According to the Schools Census 2000-2001, there are 7,943 mosque schools,
including 97 exclusively for girls, in the province. Gender wise breakup is given as
under:
Table 2.1:
Gender
Gender-wise breakup of Mosque Schools

Mosque
Schools
Students
Teachers
Students /
Teacher
Boys
7,846
337,535
7,922
43
Girls
97
4,079
96
42
7,943
341,614
8018
43
Total
There are 50,295 primary and elementary schools having strength of 175,613
teachers and 5.692 million students on their rolls. Gender-wise break-up is as under:
4
Table 2.2:
High School
Gender-wise Breakup of Primary & Elementary Schools
Gender
Level
Boys
Primary
Schools
(No.)
Primary
Students/
Teacher
2.419
64,499
38
2,558
0.703
25,750
27
22,711
1.755
54,870
32
3,669
0.815
30,494
27
50,295
5.692
175,613
32
Elementary
Total
Teachers
(No.)
21,357
Elementary
Girls
Students
(million)
In the high and higher secondary schools category, there are 4,742 schools, 92,694
teachers and 2.804 million students. Gender wise breakup is given below:
Table 2.3:
Gender-wise breakup of High & Higher Secondary Schools
Gender
Level
Boys
Schools
(No.)
High
High
Students/
Teacher
1.573
54,752
29
172
0.132
5,492
24
1,502
0.957
28,294
34
140
0.142
4,156
34
4,742
2.804
92,694
30
Higher Secondary
Total
Teachers
(No.)
2,928
Higher Secondary
Girls
Students
(million)
Working on the compilation of private schools census in the province has not yet
been completed.
Table 2.4:
Educational Statistics during 2001-2002
Level
Institutions
Enrolment
Primary
169,087
19,921,232
345,457
Students /
Teacher
58
Middle
19,180
4,278,392
99,098
43
Secondary
13,108
1,795,444
66,522
27
Higher Secondary
682
86,674
16,731
Secondary Vocational
498
88,000
6,582
13
Colleges
789
956,468
35,325
27
Universities
68
1,100,000
6,000
183
IT (BCS/MCS)
27
22,058
337
65
Source: Ministry of Education.

5
Teachers
Table 2.5:
High School
Participation and Survival Rate

Total %
Literacy Rate
Male %
Female %
47.1
59
35.4
Gross Enrolment Rate Classes I-V
89
99
89
Survival Rate to Class V
50
66
44
Participation Middle Classes VI-VIII
47.5
55
40
Participation Secondary Classes IX-X
29.5
35
24
Participation Higher Education
2.6
Economic Survey
MARKET ANALYSIS
The proposed school will cater to the needs of children of medium income group.
Currently three categories of schools are being run in Pakistan the schools, which
cater to the three main segments of the market, mainly higher medium and lowincome group family. The schools, which serve the high-income groups, are running
in the private sector. They usually charge high fees in the range of Rs. 3000 to Rs.
8,000 per month per student e.g. Lahore American School, The City School, Lahore
Lyceum and Aitcheson etc. These schools have large facilities, enjoy repute due to
their modern system of education by using scientific techniques and have qualified
and specialized faculty. Most private schools fall in the second category having fee
range from Rs. 500 to Rs. 3000. The third category (medium range) provides
facilities even less than the minimum required. These schools have less space per
student (minimum required 12 sq. ft. per student for the recognition of the institute
by the Board of Intermediate and Secondary Education Lahore) and high students
teacher ratio.
There is stiff competition amongst the school running in the market. The parents are
curious about the future of their children so they think extensively before admitting
their children in any school. Following are the main factors (not conclusive) on the
basis of which parents make choice of schools.
1.
2.
3.
4.
5.
6.
7.
Distance from home

School track record/history
General reputation
Fees
Qualification and experience of the head of school and other faculty.
Physical infrastructural facilities.
Courses offered and medium of instruction.
Besides the above, there are some other subjective, social and status considerations
which also play an important role in making decision.
6
High School
MANPOWER REQUIREMENT
Number of teachers & other staff required at first year (Year 1)

Positions
Number
Salary/month
Annual
(Rs.)
Salary (Rs.)
Faculty Members:
Subject Specialist
7,000
Senior Teacher
5,500
132,000
Junior Teacher
4,000
192,000
Principal
10,000
120,000
Accountant
5,000
60,000
Private Secretary
4,000
48,000
Librarian
3,000
36,000
Helpers / Peon
2,000
96,000
Guards
3,000
72,000
Electrician / Plumber
2,000
48,000
Cleaner
1,000
12,000
Total:
19
Administrative Staff
Maintenance Staff
7
816,000
High School
FURNITURE/EQUIPMENT REQUIREMENT
Based on Second Years Capacity

FURNITURE & EQUIPMENTS
Quantity
Price (Rs.)
Amount (Rs)
20
20,000
400,000
Printers (Laser )
20,000
20,000
Printers (Dot Matrix)
7,500
7,500
UPS
8,500
17,000
Electrical & Other Equipment
422,022
Science Labs (Instruments)
150,000
Furniture & Fixture
947,450
Computers
Total
1,963,972
LAND AND BUILDING
6.1 Land
The Lahore Development Authority (LDA) has allocated lands for construction of
schools in Lahore. The list of the plots, together with reserve price as 1/3rd of market
rate, is being annexed. For the purpose of this pre-feasibility study, 3 Kanal of land
has been recommended with the reserve price of Rs. 2,260,000. The District
Government Lahore has decided to retain 30% land earmarked for construction of
schools in LDA schemes. The remaining 70% would be auctioned to facilitate the
construction of private schools2.
However, for the purpose of this study, the option of getting a building for school on
rent has been recommended.
Dawn, Lahore, dated June 23, 2002.

8
High School
6.2 Building
Area
(Sq. Ft)
Construction
cost
(Rs/sq. ft)
Total Cost
(Rs)
3,340.70
325
1,085,728
2,378.75
325
773,094
Ground Floor
4,743 .20
325
1,541,540
1st Floor
3,808.20
325
1,237,665
Open Space for play ground and

boundary walls
5,416.10
100
541,610
Main Building
Ground Floor
Administrative Block
Branch (Ground Floor)
and
Junior
Junior Branch (1st Floor)

Senior Branch
Total building cost
5,179,636
Total area of School plot
13,500.00
Total Land & Building Cost
2,260,000
7,439,636
Though ideally, a purpose built building can best suit a school, however any building
with the required space in a peaceful environment can be rented out for the purpose.
9
High School
SWOT ANALYSIS
7.1 Strengths

Low Student teacher ratio (less than 20 students/teacher at full capacity)

Reasonable space per student (12 sq. ft per student)
Helping and guiding attitude of teachers
Competent teaching faculty
Dynamic Leadership
Well maintained order and discipline
Environment conducive to joyful learning
Availability of adequate facilities
7.2 Weakness
Difficulty in building confidence of the community
7.3 Opportunities

Government incentives and policies conducive for private investment in

education sector
Gap between number of school going age children and actual enrolments in
schools
Availability of liquid cash due to advance collection of fees
General public awareness (especially in urban areas) about importance of
education
7.4 Threats

Initially poor intake of students

Operating loss in the initial year due to unabsorbed fixed cost
Difficult in building confidence of the community
REGULATIONS
The schools are required to be registered with the Education Department (Provincial)
in the office of Education Directorate Schools. The application is to be submitted on
a prescribed form and can be obtained from the department.
The next process is the recognition of institution from the relevant Board of
Intermediate and Secondary Education (BISE). The detailed regulations, rules and
requirement of minimum infrastructural facilities along with application form can be
obtained from the BISE office.
10
High School
FINANCIAL ANALYSIS
9.1 Initial Project Cost
DESCRIPTION
Rupees
Land
2,260,000
Building
5,179,636
Furniture & Fixtures
947,450
Air Conditioners & Electrical Items
422,140
Science Labs
150,000
Computer Labs
474,500
Library Books
50,000
9,483,726
361,186
Preliminary Cost (5%) other than Land
9,844,913
Financed By:
Sponsors Equity
50%
4,922,456
Bank Finance
50%
4,922,456
9,844,913
11
High School
9.2 Project Cost Details

Total Cost
In Rupees
Items
Land
2,260,000
Buildings: (Refer area sheet)
5,179,636
Per Unit
Furniture & Fixtures:
Carpets (Refer carpet working)
Office Furniture
White Board for Class Rooms & Notice
800
Class Room Furniture:
Chairs steel
500
Desks
1,000
Teachers:
Chairs
750
Tables
1,500
Library:
Book Shelf
5,000
Furniture
2,500
Laboratory tables
3,500
Computer table wooden
2,500
Computer Chairs
1,000
Electrical & Other Equipments:
Air Conditioners (Refer air conditioners working)
Fire Extinguish System
2,000
Tube Lights
260
Fans
2,000
Exhaust fans
1,300
Wall clocks
400
Vacuum Cleaners
8,500
Water Coolers
10,000
Telephone Sets
1,000
Electricity Connection
100,000
50,000
Science Labs (Instruments)
Computers
Computers
20,000
Server
30,000
Printers
Dot Matrix
7,500
Laser
20,000
UPS
8,500
Library Books
Sub Total
Preliminary Cost 5% other than Land
Grand Total
12
Units
Rupees
24
29,000
250,000
19,200
278
278
138,750
277,500
8
8
6,000
12,000
10
20
10
20
30
50,000
50,000
35,000
50,000
30,000
947,450
4
89
62
15
10
1
2
5
1
3
110,000
8,000
23,140
124,000
19,500
4,000
8,500
20,000
5,000
100,000
150,000
422,140
150,000
20
1
400,000
30,000
1
1
2
7,500
20,000
17,000
474,500
50,000
9,483,726
361,186
9,844,913
High School
9.3 Projected Balance Sheet

Year - I
Rs. '000'
Year - II
Rs. '000'
Year - III
Rs. '000'
Year - IV
Rs. '000'
Year - V
Rs. '000'
Year - VI
Rs. '000'
Year - VII
Rs. '000'
Year - VIII
Rs. '000'
Year - IX
Rs. '000'
Year - X
Rs. '000'
Fixed Assets:
Land
2,260
2,260
2,260
2,260
2,260
2,260
2,260
2,260
2,260
2,260
Buildings
4,921
4,675
4,441
4,219
5,433
5,161
4,903
4,658
4,425
4,204
Furniture & Fixtures
568
796
851
901
946
986
1,023
1,056
1,085
1,111
Elec. & other Equipments
429
322
241
181
322
242
181
136
102
76
Computer Equipment
212
248
166
111
75
368
246
165
111
74
40
32
26
60
48
39
71
57
45
76
289
231
185
148
118
95
76
61
48
39
8,719
8,563
8,170
7,881
9,202
9,151
8,760
8,392
8,077
7,841
100
100
100
1,149
455
423
2,015
5,154
10,382
17,860
Total
8,819
8,663
8,270
9,030
9,657
9,574
10,775
13,546
18,458
25,701
Owners Equity
4,922
4,922
4,922
4,922
4,922
4,922
4,922
4,922
4,922
4,922
(1,370)
(1,429)
2,576
4,074
3,886
4,994
7,681
12,519
19,702
Long Term Loan
3,938
2,953
1,969
984
Short Term Running Finan.
1,179
1,925
1,120
150
291
423
547
661
765
859
943
1,017
1,077
8,819
8,663
8,270
9,030
9,657
9,574
10,775
13,546
18,458
25,701
Library Books
Preliminary Cost
Total Fixed Assets
at Written Down Value
Cash in Hand / Bank
Accumulated Profit/(Loss)
Students Security
(165)
13
PREF-50/August 2002/Rev 1
High School
9.4 Projected Profit & Loss Account

Year - I
Rs. '000'
Revenue
Net Fee Income
Expenditures
Senior Administration Salaries
Faculty Salaries
Administration Salaries
Maintenance Staff Salaries
Other Expenses
Depreciation
Year - II
Rs. '000'
1,683
3,488
120
126
307
592
240
252
138
164
Total Expenditure
Net Profit/(Loss) before Tax
Taxation
132
747
291
8,050
139
1,111
306
11,033
146
1,575
321
Year - VI
Rs. '000'
14,586
153
1,953
337
Year - VII
Rs. '000'
Year - VIII
Rs. '000'
18,803
23,788
161
2,115
386
169
2,313
405
Year - IX
Rs. '000'
29,665
177
2,500
426
Year - X
Rs. '000'
36,573
186
2,625
447
172
181
190
199
209
220
230
242
1,086
1,287
1,363
1,441
1,522
1,605
1,691
1,779
652
2,203
630
2,652
543
2,972
489
3,513
577
4,171
676
4,759
590
4,983
518
5,230
465
5,489
436
5,714
212
347
202
842
842
3,045
665
877
3,529
487
834
3,806
310
512
4,024
(1,362)
(41)
17
(1,370)
(58)
Withdrawal of profit (Drawings)
(1,370)
(1,370)
(58)
(1,370)
(1,429)
133
133
4,304
4,759
4,983
5,230
5,489
5,714
1,753
4,026
6,728
9,827
13,820
18,558
24,176
30,859
489
1,284
2,230
3,315
4,712
6,371
8,337
10,676
1,264
2,741
4,498
6,512
9,107
12,187
15,839
20,183
1,264
(1,429)
(165)
2,741
(165)
2,576
3,000
1,498
2,576
4,074
6,700
(188)
4,074
3,886
8,000
1,107
3,886
4,994
9,500
2,687
4,994
7,681
11,000
4,839
7,681
12,519
13,000
7,183
12,519
19,702
* Tax rate is charged as required for Association of Persons.
14
Year - V
Rs. '000'
889
Net Profit/(Loss) after Tax
Accumulated Profit/(Loss) b/f

Accumulated Profit/(Loss) c/f
5,558
Year - IV
Rs. '000'
746
Financial / Mark-up Charges

Mark-up on Running Finan.
Bank Loan
Year - III
Rs. '000'
High School
9.5 Projected Cash Flow

Year - I
Rs. '000'
Profit/(Loss) from operations
Financial Charges
Depreciation
Sources of Funds
Owners:
- Land
- Equity
Students Security
Bank Finance
Year - III
Rs. '000'
Year - IV
Rs. '000'
(41)
665
630
1,253
1,753
487
543
2,783
4,026
310
489
4,825
6,728
133
577
7,438
2,260
2,662
150
4,922
9,995
141
141
132
132
123
123
114
114
1,394
2,916
7,552
(1,079)
(1,079)
1,179
100
4,949
474
17
1,649
1,179
3,320
150
489
1,472
1,925
4,036
200
1,284
1,295
1,120
3,899
(1,925)
100
(1,825)
1,925
100
(1,120)
100
(1,020)
1,120
100
1,049
100
1,149
0
1,149
15
Year - V
Rs. '000'
(1,362)
842
652
132
Total Sources
10,126
Application of Funds
Capital Expenditure
9,371
Taxation
8
Drawings
Re-payment of Loan
1,826
Re-payment to Shrt. Term Run. Finan.
11,206
Cash Increase/(Decrease)
Opening Balance
Cash Balance
Short Term Loan
Closing Balance
Year - II
Rs. '000'
1,899
2,230
3,000
1,117
8,246
(694)
1,149
455
0
455
Year - VI Year - VII Year - VIII Year - IX

Rs. '000' Rs. '000'
Rs. '000' Rs. '000'
9,827
0
676
10,503
Year - X
Rs. '000'
13,820
0
590
14,410
18,558
0
518
19,076
24,176
0
465
24,641
30,859
0
436
31,294
104
104
10,607
14,504
625
3,315
6,700
10,639
(32)
455
423
0
423
94
-
84
-
94
200
4,712
8,000
12,912
1,592
423
2,015
0
2,015
73
-
84
19,160
150
6,371
9,500
16,021
3,139
2,015
5,154
0
5,154
60
-
73
24,714
150
8,337
11,000
19,487
5,227
5,154
10,382
0
10,382
60
31,355
200
10,676
13,000
23,876
7,478
10,382
17,860
0
17,860
High School
9.6 Fee Income

Year - I
Per
Student
Number of Students
New
Old
Non-Operating Revenue
Security (Refundable)
Registration Fee
Admission Fee
Operating Revenue
Monthly Fee
Junior Branch
150 Nursery to Prep
300 I to IV
450
Senior Branch
200 V to VIII
100 IX to X (Matric)
300
750
Net Fee
No.
Year - II
Rupees
Per
Student
150
150
No.
Year - III
Rupees
Per
Student
135
143
278
Rupees
122
264
385
No.
Year - V
Rupees
Per
Student
109
366
475
No.
Rupees
98
451
550
1,000
150,000
1,100
148,500
1,210
147,015
1,331
145,545
1,464
144,089
1,000
1,500
150,000
225,000
375,000
1,100
1,650
148,500
222,750
371,250
1,210
1,815
147,015
220,523
367,538
1,331
1,997
145,545
218,317
363,862
1,464
2,196
144,089
216,134
360,224
50
60
110
360,000
540,000
900,000
720
900
479,520
1,198,800
1,678,320
864
1,080
77
154
231
798,595
1,996,488
2,795,083
1,037
1,296
95
190
285
1,182,496
2,956,241
4,138,737
1,244
1,555
110
220
330
1,641,911
4,104,779
5,746,690
40
1,020
1,200
905,760
532,800
1,438,560
1,224
1,440
103
51
154
1,508,458
887,328
2,395,786
1,469
1,728
127
63
190
2,233,604
1,313,885
3,547,489
1,763
2,074
40
408,000
408,000
147
73
220
3,101,388
1,824,346
4,925,734
150
1,683,000
475
8,050,088
550
11,032,648
600
750
850
1,000
56
111
167
1
74
37
111
278
3,488,130
385
16
No.
Year - IV
Per
Student
5,558,406
High School
Fee Income (continued)

Year - VI
Per
Student
Number of Students
New
Old
Non-Operating Revenue
Security (Refundable)
Registration Fee
Admission Fee
Operating Revenue
Monthly Fee
Junior Branch
150 Nursery to Prep
300 I to IV
450
Senior Branch
200 V to VIII
100 IX to X (Matric)
300
750
Net Fee
No.
Year - VII
Rupees
Per
Student
89
522
611
No.
Year - VIII
Rupees
Per
Student
80
580
660
Rupees
72
627
699
No.
Year - X
Rupees
Per
Student
65
664
728
No.
Rupees
58
692
750
1,611
142,649
1,772
141,222
1,949
139,810
2,144
138,412
2,358
137,028
1,611
2,416
142,649
213,973
356,621
1,772
2,657
141,222
211,833
353,055
1,949
2,923
139,810
209,715
349,525
2,144
3,215
138,412
207,618
346,029
2,358
3,537
137,028
205,541
342,569
1,493
1,866
122
244
367
2,189,154
5,472,885
7,662,039
1,792
2,239
132
264
396
2,838,400
7,096,001
9,934,401
2,150
2,687
140
280
419
3,605,962
9,014,906
12,620,868
2,580
3,225
146
291
437
4,510,598
11,276,495
15,787,093
3,096
3,870
150
300
450
5,573,867
13,934,667
19,508,534
2,115
2,488
163
81
244
4,135,068
2,432,393
6,567,462
2,538
2,986
176
88
264
5,361,423
3,153,778
8,515,201
3,046
3,583
186
93
280
6,811,262
4,006,625
10,817,887
3,655
4,300
194
97
291
8,520,018
5,011,776
13,531,794
4,386
5,160
200
100
300
10,528,415
6,193,185
16,721,600
611
14,586,122
728
29,664,916
750
36,572,703
660
18,802,657
699
17
No.
Year - IX
Per
Student
23,788,280
High School
9.7 Estimated Recurring Expenditure

No.
Salary & Allowances
Administration:
Principal
Faculty Member:
Subject Specialist
Senior Teachers
Junior Teachers
Ministerial Staff :
Accountant
Private Secretary
Librarian
Helpers / Peon
Maintenance Staff :
Guards
Elect./Plumber
Cleaner
Total Staff
Year - I
Total for the
Monthly
Year
(Rupees)
Year - II
Total for the
No. Monthly
Year
(Rupees)
Year - III
Total for the Year
No. Monthly
(Rupees)
Year - IV
Total for the
No. Monthly
Year
(Rupees)
Year - V
Total for the
No. Monthly
Year
(Rupees)
1
1
10,000
120,000
120,000
1
1
10,500
126,000
126,000
1
1
11,025
132,300
132,300
1
1
11,576
138,915
138,915
1
1
12,155
145,861
145,861
2
4
6
7,000
5,500
4,000
105,600
201,600
307,200
2
2
6
10
7,350
5,775
4,200
176,400
138,600
277,200
592,200
2
3
7
12
7,718
6,064
4,410
185,220
218,295
343,980
747,495
4
4
8
16
8,103
6,367
4,631
388,962
305,613
416,745
1,111,320
6
4
11
21
8,509
6,685
4,862
612,615
320,894
641,787
1,575,296
1
1
1
4
7
5,000
4,000
3,000
2,000
60,000
48,000
36,000
96,000
240,000
1
1
1
4
7
5,250
4,200
3,150
2,100
63,000
50,400
37,800
100,800
252,000
1
1
1
5
8
5,513
4,410
3,308
2,205
66,150
52,920
39,690
132,300
291,060
1
1
1
5
8
5,788
4,631
3,473
2,315
69,458
55,566
41,675
138,915
305,613
1
1
1
5
8
6,078
4,862
3,647
2,431
72,930
58,344
43,758
145,861
320,894
2
2
1
5
19
3,000
2,000
1,500
72,000
48,000
18,000
138,000
805,200
2
2
2
6
24
3,150
2,100
1,575
75,600
50,400
37,800
163,800
1,134,000
2
2
2
6
27
3,308
2,205
1,654
79,380
52,920
39,690
171,990
1,342,845
2
2
2
6
31
3,473
2,315
1,736
83,349
55,566
41,675
180,590
1,736,438
2
2
2
6
36
3,647
2,431
1,823
87,516
58,344
43,758
189,619
2,231,669
No.
Year - I
Total for the
Monthly
Year
(Rupees)
Other Operating Expenses :

Printing & Stationery
News Papers & Periodicals
Utilities ( Tele. Elect. Gas. Water etc.)
Postage
Misc. Office Exp.
Advertisement (Lump Sum)
Laboratory Expenses
Sports Expenses
Repair & Maintenance
Medical Expenses
School Magazine
Gardening Expenses
Consultancy Charges & Audit Fee
Students Function (Lump Sum)
Sub Total
Total
Year - II
Total for the
No. Monthly
Year
(Rupees)
Year - III
Total for the Year
No.
(Rupees)
Year - V
Total for the
No. Monthly
Year
(Rupees)
10,000
500
430,730
12,000
24,000
60,000
6,000
50,000
593,230
10,500
525
452,267
12,600
25,200
54,000
60,000
12,000
30,000
12,000
6,300
52,500
727,892
11,025
12,000
474,880
30,000
26,460
48,600
63,000
36,000
60,000
24,000
69,323
6,615
55,125
917,028
11,576
12,600
498,624
31,500
27,783
43,740
66,150
72,000
63,000
25,200
92,668
6,946
57,881
100,000
1,109,668
12,155
13,230
523,556
33,075
29,172
39,366
69,458
75,600
66,150
26,460
115,473
7,293
60,775
105,000
1,176,763
1,398,430
1,861,892
2,259,873
2,846,106
3,408,432
18
Year - IV
Total for the
No. Monthly
Year
(Rupees)
High School
Estimated Recurring Expenditure (continued)

No.
Salary & Allowances
Administration:
Principal
Faculty Member:
Subject Specialist
Senior Teachers
Junior Teachers
Ministerial Staff :
Accountant
Private Secretary
Librarian
Helpers / Peon
Maintenance Staff :
Guards
Elect./Plumber
Cleaner
Total Staff
Year - VI
Total for the
Monthly
Year
(Rupees)
Year - VII
Total for the
No. Monthly
Year
(Rupees)
Year - VIII
Total for the Year
No. Monthly
(Rupees)
Year - IX
Total for the
No. Monthly
Year
(Rupees)
Year - X
Total for the
No. Monthly
Year
(Rupees)
1
1
12,763
153,154
153,154
1
1
13,401
160,811
160,811
1
1
14,071
168,852
168,852
1
1
14,775
177,295
177,295
1
1
15,513
186,159
186,159
8
5
11
24
8,934
7,020
5,105
857,661
421,173
673,877
1,952,711
8
5
12
25
9,381
7,371
5,360
900,544
442,232
771,895
2,114,671
8
6
12
26
9,850
7,739
5,628
945,571
557,212
810,490
2,313,273
8
6
13
27
10,342
8,126
5,910
992,850
585,072
921,932
2,499,855
8
6
13
27
10,859
8,532
6,205
1,042,493
614,326
968,029
2,624,847
1
1
1
5
8
6,381
5,105
3,829
2,553
76,577
61,262
45,946
153,154
336,938
1
1
1
6
9
6,700
5,360
4,020
2,680
80,406
64,325
48,243
192,974
385,948
1
1
1
6
9
7,036
5,628
4,221
2,814
84,426
67,541
50,656
202,622
405,245
1
1
1
6
9
7,387
5,910
4,432
2,955
88,647
70,918
53,188
212,754
425,507
1
1
1
6
9
7,757
6,205
4,654
3,103
93,080
74,464
55,848
223,391
446,783
2
2
2
6
3,829
2,553
1,914
91,892
61,262
45,946
199,100
2
2
2
6
4,020
2,680
2,010
96,487
64,325
48,243
209,055
2
2
2
6
4,221
2,814
2,111
101,311
67,541
50,656
219,508
2
2
2
6
4,432
2,955
2,216
106,377
70,918
53,188
230,483
2
2
2
6
4,654
3,103
2,327
111,696
74,464
55,848
242,007
2,641,903
41
2,870,485
42
3,106,878
43
3,333,139
43
39
No.
Year - VI
Total for the
Monthly
Year
(Rupees)
Year - VII
Total for the
No. Monthly
Year
(Rupees)
Year - VIII
Total for the Year
No.
(Rupees)
Year - IX
Total for the
No. Monthly
Year
(Rupees)
3,499,796
Year - X
Total for the
No. Monthly
Year
(Rupees)
Other Operating Expenses :

Printing & Stationery
News Papers & Periodicals
Utilities ( Tele. Elect. Gas. Water etc.)
Postage
Misc. Office Exp.
Advertisement (Lump Sum)
Laboratory Expenses
Sports Expenses
Repair & Maintenance
Medical Expenses
School Magazine
Gardening Expenses
Consultancy Charges & Audit Fee
Students Function (Lump Sum)
Sub Total
Total
12,763
13,892
549,733
34,729
30,631
35,429
72,930
79,380
69,458
27,783
137,464
7,658
63,814
110,250
1,245,914
13,401
14,586
577,220
36,465
32,162
31,886
76,577
83,349
72,930
29,172
158,429
8,041
67,005
115,763
1,316,986
14,071
15,315
606,081
38,288
33,770
28,698
80,406
87,516
76,577
30,631
178,209
8,443
70,355
121,551
1,389,911
14,775
16,081
636,385
40,203
35,459
25,828
84,426
91,892
80,406
32,162
196,691
8,865
73,873
127,628
1,464,674
15,513
16,885
668,204
42,213
37,232
23,245
88,647
96,487
84,426
33,770
213,800
9,308
77,566
134,010
1,541,308
3,887,816
4,121,987
4,187,471
4,532,587
4496789.108
4,828,433
4,797,814
5,125,022
5041103.993
5,423,030
19
High School
9.8 Depreciation of Fixed Assets (000' Rupees)

Items
Cost
Rate
Addition
Year - 0
Dep.
W.D.V.
Addition
Year - I
Dep.
W.D.V.
Addition
Year - II
Dep.
W.D.V.
Addition
Year - III
Dep.
W.D.V.
Addition
Year - IV
Dep.
W.D.V.
Year - V
Land
2,260
Nil
Nil
2,260
Nil
2,260
Nil
2,260
Nil
2,260
Nil
2,260
Buildings
3,453
5%
1,727
259
4,921
246
4,675
234
4,441
222
4,219
1,500
286
5,433
Furniture & Fix.
316
10%
316
63
568
316
88
796
150
95
851
150
100
901
150
105
946
572
25%
143
429
107
322
80
241
60
181
249
107
322
Computer Equipment
158
33%
158
104
212
158
122
248
82
166
55
111
37
75
50
20%
10
40
32
26
15
60
12
48
361
20%
Library books
Preliminary Cost
Total
7,170
Items
72
289
58
231
46
185
37
148
30
118
2,201
652
8,719
474
630
8,563
150
543
8,170
200
489
7,881
1,899
577
9,202
Addition
Dep.
W.D.V.
Addition
Dep.
W.D.V.
Addition
Dep.
W.D.V.
Addition
Dep.
W.D.V.
Addition
Dep.
W.D.V.
Year - VI
50
Year - VII
Year - VIII
Year - X
Year - IX
Land
Nil
2,260
Nil
2,260
Nil
2,260
Nil
2,260
Nil
2,260
Buildings
272
5,161
258
4,903
245
4,658
233
4,425
221
4,204
110
986
150
114
1,023
150
117
1,056
150
121
1,085
150
123
1,111
81
242
60
181
45
136
34
102
25
76
181
368
121
246
81
165
54
111
37
74
Furniture & Fix.
150
Computer Equipment
475
Library books
10
39
Preliminary Cost
24
95
Total
625
676
9,151
Note:
50
200
18
71
14
57
11
45
19
76
15
61
12
48
590
8,760
518
8,392
465
8,077
WDV stands for written-down value
20
150
150
50
200
19
76
10
39
436
7,841
High School
9.9 Loan Repayment Schedule

Principal
Term
Markup
4,922,456
5 Years
18%
Year
Grace period
Grace period
50%
(10 Installments)
9%
(arrear)
Principal
492,246
492,246
492,246
492,246
492,246
492,246
492,246
492,246
492,246
492,246
1st Year
2nd Year
3rd Year
4th Year
5th Year
4,922,456
Financial Charges
984,491
984,491
984,491
984,491
984,491
443,021
398,719
354,417
310,115
265,813
221,511
177,208
132,906
88,604
44,302
2,436,616
21
841,740
664,532
487,323
310,115
132,906
Principal
Outstanding
Installments
Outstanding Installments
4,922,456
7,359,072
4,922,456
7,359,072
935,267
4,430,211
6,423,805
890,965
3,937,965
5,532,841
846,662
3,445,719
4,686,178
802,360
2,953,474
3,883,818
758,058
2,461,228
3,125,760
713,756
1,968,983
2,412,004
669,454
1,476,737
1,742,550
625,152
984,491
1,117,398
580,850
492,246
536,548
536,548
0
7,359,072
High School
9.10 Area Occupied

Building:
Main Building
Ground Floor
Principal
Vice Principal
Accounts Office / Private Secretary
Kitchen
Lobby
Store
Toilet
Academic Block (Junior Branch)
Class Rooms
Staff Room
Toilet:
Students
Faculty
Space for Corridors & Stairs
Inner area occupied
10% wall area
Sqft.
Units
Area
150
100
100
50
225
100
36
1
1
1
1
1
1
2
150
100
100
50
225
100
72
250
150
5
1
1,250
150
100
20
600
2
2
200
40
600
3,037
304
3,341
Rate/Sqft.
325
1,085,728
Junior Branch
1st Floor
Class Rooms
Staff Room
Toilet:
Students
Faculty
Inner area occupied
10% wall area
Total area occupied
Total for Administrative & Junior Branch
Sqft.
Units
315
150
5
0
150
20
400
1
2
Rate/Sqft.
150
40
400
2,163
216
2,379
5,719
325
Total Covered Area
22
Area
1,573
-
773,094
1,858,821
High School
Area Occupied (Continued)

Senior Branch
Ground Floor
Class Rooms
Staff Room
Toilet:
Students
Faculty
Laboratory
Inner area occupied
10% wall area
Total area occupied
1st Floor
Sqft.
Units
Area
1,887
150
315
150
6
1
150
20
375
700
3
0
3
450
1,125
700
4,312
431
325
4,743
Rate/Sqft.
Sqft.
Class Rooms
Toilet:
Students
Faculty
Library
Computer Lab
Inner area occupied
10% wall area
Total area occupied
Rate/Sqft.
Units
1,541,540
Area
315
1,887
150
20
375
300
600
2
0
1
1
325
300
375
300
600
3,462
346
3,808
1,237,665
Total for Senior Branch
Total Covered Area
8,551
2,779,205
Development for Play Ground & Boundary Wall
Rate/Sqft.
100
5,416
541,610
Total
Total Covered Area
14,271
5,179,636
* Spaces for classes & Laboratory are in accordance with the board requirment.
23
High School
9.11 Teachers
Year - I
Subj.
Sec. as Period
Faculty Members:
Subject Specialist
Senior Teacher
Junior Teacher
No.
Year - II
Year - III
Subj. Sec.as Period
No. Subj. Sec.as Period
No.
2
2
6
10
2
3
7
12
0
2
4
6
Year - IV
Subj. Sec.as Period
Year - V
No.
Subj. Sec.as Period
4
4
8
16
No.
6
4
11
21
Standard teacher required :

Senior Classes ( Class V - X)
Number of students
Students in a class
40
25
111
25
154
25
190
25
220
25
8.8
Junior Classes (Class Nursery - IV)

Number of students
Students in a class
110
25
167
25
231
25
285
25
11
330
25
13
Year - VI
Subj.
Sec. as Period
Faculty Members:
Subject Specialist
Senior Teacher
Junior Teacher
Year - VII
No.
Subj. Sec.as Period
8
5
11
24
Year - VIII
Year - IX
No. Subj. Sec.as Period
No.
8
5
12
25
8
6
12
26
Subj. Sec.as Period
Year - X
No.
Subj. Sec.as Period
8
6
13
27
No.
8
6
13
27
Standard teacher required :

Senior Classes ( Class V - X)
Number of students
Students in a class
244
25
10
264
25
11
280
25
11
291
25
12
300
25
12
Junior Classes (Class Nursery - IV)

Number of students
Students in a class
367
25
15
396
25
16
419
25
17
437
25
17
450
25
18
24
High School
9.12 Required Air Conditioners

Sqft.
1.5 Ton (Window type)
Principal
Accounts Office
Units
Area Occupied
Ton No. Per unit Cost
(Rupees)
150
100
1
1
150
100
1.5
1.5
1
1
2
25,000
25,000
25,000
25,000
375
300
1
1
375
300
2.0
2.0
1
1
2
30,000
30,000
30,000
30,000
2.0 Ton (Window type)
Library
Computer Lab
Total
25
110,000
High School
9.13 Power Load Working

Items
Air Conditioner
1.5 tons
2.0 tons
No.
Load / Item
watts
Total Load watts
Total KW
2
2
2400
3000
4800
6000
4.80
6.00
Tube Lights
89
40
3542
3.54
Ceiling Fans
62
100
6200
6.20
Water Coolers
2000
4000
4.00
Vacum Cleaner
2000
2000
2.00
21
600
12600
12.60
350
700
0.70
Computers & Equipment

Printers
39.84
Total Kilo Watts

Working hours / Day
Working hours / Year
1760
Kilo Watts Hours

Cost of Electricity @ Rs.
70,122
6.00 (avg)
( Tariff A-I )
The average working days are assumed to be 220
26
420,730
High School
9.14 Financial Analysis

Pay back period (Total Project Cost prospective)
000' Rupees
year
0
1
2
3
4
5
6
7
8
9
10
Initial
investment
9,845
investment
at the beginning
9,845
10,771
12,355
12,984
11,272
8,845
2,050
(7,675)
(20,454)
(36,829)
cash flows
investment
at the end
(926)
(1,584)
(629)
1,713
2,427
6,795
9,725
12,779
16,374
20,633
10,771
12,355
12,984
11,272
8,845
2,050
(7,675)
(20,454)
(36,829)
(57,461)
6.30 years
Net Present Value (Total Project Cost Prospective)
year
0
1
2
3
4
5
6
7
8
9
10
cash flows
(9,845)
(926)
(1,584)
(629)
1,713
2,427
6,795
9,725
12,779
16,374
20,633
Net present value
27
PVFI at
23%
1.0000
0.8130
0.6610
0.5374
0.4369
0.3552
0.2888
0.2348
0.1909
0.1552
0.1262
Present value
(9,845)
(753)
(1,047)
(338)
748
862
1,962
2,283
2,439
2,541
2,603
1,456
High School
Financial Analysis (Continued)

Net Present Value (Invester's Cost Prospective)
cash flows
year
(4,922)
(926)
(1,584)
(629)
1,713
2,427
6,795
9,725
12,779
16,374
20,633
0
1
2
3
4
5
6
7
8
9
10
PVFI at
25%
1.0000
0.8004
0.6406
0.5127
0.4103
0.3284
0.2628
0.2104
0.1684
0.1348
0.1079
Net present value

Internal Rate of Return ( IRR )
cash flows
year
(9,845)
(926)
(1,584)
(629)
1,713
2,427
6,795
9,725
12,779
16,374
20,633
0
1
2
3
4
5
6
7
8
9
10
PVFI at
20%
Net present value
IRR
1.0000
0.8000
0.6400
0.5120
0.4096
0.3277
0.2621
0.2097
0.1678
0.1342
0.1074
Present value
20%
(9,845)
(772)
(1,100)
(364)
826
975
2,276
2,714
2,972
3,173
3,332
4,188
24.94%
28
(4,922)
(741)
(1,015)
(323)
703
797
1,786
2,046
2,152
2,207
2,225
4,914
PVFI at
25%
1.0000
0.8333
0.6944
0.5787
0.4823
0.4019
0.3349
0.2791
0.2326
0.1938
0.1615
Present value
High School
9.15 Required Carpets.

Total
Principal
Private Secretary
Accounts Office
Academic Block
Library
150
100
100
1
1
1
150
100
100
375
375
40
725
Rate per sq
29
29,000
High School
9.16 Subject detail

Classes
Subjects
Urdu
English
Maths
Computer sciences
Science
Art
Pak. Studies
Geography
History
Islamyat
Physics
Chemistry
Biology/Computer
Arabic
II
III
IV
30
VI
VII
VIII
IX
9.17
High School
List of Plots Reserved for Schools by Lahore Development Authority

Approximate Reserve price of
1/3rd of market rate according to
prevailing assessment. P & C will
re-assess at the time of allotment.
Plot
Sr #
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
No.
658
308-A
416
364
254
302
308
389
95
303
304
153
51
537
225
238-A
390-D
435-A
504-D
213-A
270-A
73
12-A
Block
D
E
E/2
E/1
F/1
F/2
C
B/3
H/3
H/3
H/3
J/1
J/3
K
R/2
R/2
A
B/3
C
E
E
C
Usman
Area
3Kanal
30 Kanal
20K-5-M
30K
13K-8M-70Sqf.
35K-16M-70Sft
21K-16M
14K-7M
21K-1M
14K
14K-7M
5K
26K-10M
17K-5M
10K
11K-14M
3001.50Sqm.
5766.75Sqm.
Not demarked
12450 Sqm.
5591 Sqm.
4479.81 Sqm.
8Kanal
Scheme
Johar Town-Ph.I
Johar Town-Ph.I
Johar Town-Ph.I
Johar Town-Ph.I
Johar Town-Ph.I
Johar Town-Ph.I
Johar Town-Ph.I
Johar Town-Ph.I
Johar Town-Ph.I
Johar Town-Ph.II
Johar Town-Ph.II
Johar Town-Ph.II
Johar Town-Ph.II
Johar Town-Ph.II
Johar Town-Ph.II
Johar Town-Ph.II
Sabzazar
Sabzazar
Sabzazar
Sabzazar
Sabzazar
Sabzazar
New Garden Town
Total:
31
Amount in Rs.
2,260,000
22,600,000
15,255,000
22,600,000
10,106,385
26,981,051
16,422,666
10,810,333
15,857,667
10,546,667
10,810,333
3,766,667
19,963,333
12,995,000
7,533,333
8,814,000
2,429,785
4,668,319
10,078,565
4,526,044
3,626,511
13,440,000
256,091,659

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Pre-Feasibility Study

Small and Medium Enterprise Development Authority

5TH Floor, Bahria

Bungalow No. 15-A

National Education Budget during 1995-96 to 2001-02 (Rs. Billion)

Source: Ministry of Education

Provision of free land, or land on concessional rates in rural/urban areas

Property tax exemption on school buildings

Utilities availability on non-commercial rates

Extension of matching grants for establishing rural schools

Exemption of custom duties on import of educational equipment

Undertaking necessary legislation to give Charter to private sector institutions

1.4 Viable Economic Size

Year wise Number of Students

CURRENT INDUSTRY SECTOR

Gender-wise breakup of Mosque Schools

Gender-wise Breakup of Primary & Elementary Schools

Gender-wise breakup of High & Higher Secondary Schools

Educational Statistics during 2001-2002

Source: Ministry of Education.

Participation and Survival Rate

Gross Enrolment Rate Classes I-V

Survival Rate to Class V

Participation Middle Classes VI-VIII

Participation Secondary Classes IX-X

Participation Higher Education

Distance from home

Number of teachers & other staff required at first year (Year 1)

Based on Second Years Capacity

Printers (Dot Matrix)

Electrical & Other Equipment

Science Labs (Instruments)

Furniture & Fixture

LAND AND BUILDING

Dawn, Lahore, dated June 23, 2002.

Open Space for play ground and

Junior Branch (1st Floor)

Total building cost

Total area of School plot

Total Land & Building Cost

Low Student teacher ratio (less than 20 students/teacher at full capacity)

Difficulty in building confidence of the community

Government incentives and policies conducive for private investment in

Initially poor intake of students

9.1 Initial Project Cost

Furniture & Fixtures

Air Conditioners & Electrical Items

Preliminary Cost (5%) other than Land

9.2 Project Cost Details

Buildings: (Refer area sheet)

9.3 Projected Balance Sheet

Furniture & Fixtures

Elec. & other Equipments

Long Term Loan

Short Term Running Finan.

9.4 Projected Profit & Loss Account

Withdrawal of profit (Drawings)

* Tax rate is charged as required for Association of Persons.